
Coal News & Price Data – January 26, 2024 – Weekly Met Market Update
Met coke demand in the Atlantic Basin increased, with a Turkish steel mill tendering for 30,000 t for end-March loading

Met coke demand in the Atlantic Basin increased, with a Turkish steel mill tendering for 30,000 t for end-March loading

Demand for coking coal is increasing as downstream companies actively purchase and replenish raw material inventories.

Australian coal mines are preparing for the impact of Cyclone Kirrily, which is expected to hit Queensland state.

Stanmore Resources reported steady saleable coal production of 3.4 million metric tons (mt) in October-December,

Chinese metallurgical coal prices have stabilized after a recent decline caused by a mining accident in Henan province

On January 18th, BHP Billiton (BHP) announced that in the first half of the 2023-24 fiscal year (July-December 2023)

BHP Mitsubishi Alliance’s coking coal production for Q4CY23 was recorded at 11.4 mnt, dropping by 18% as against 13.9 mnt recorded in Q4CY22.

In the Australian metallurgical coal market, prime hard coal prices are expected to remain stable despite low spot demand

uropean steelmakers are resuming production, which was reduced in mid-2023 to stabilize steel prices in Q1

Russia has officially removed most coal export tariffs linked to the ruble, which applies to thermal coal, coking coal, and anthracite coal

The Atlantic Basin metallurgical coke markets are poised for a slow start in Q1 due to subdued steel production…

In December, Asia’s seaborne thermal coal imports hit a record high of 83.69 million metric tons, driven by robust demand from China